BNB slides as 4h trend turns bearish.
🔴 SHORT $BNB /USDT: expecting price to go DOWN
Bias: SHORT · Leaning
Entry: 700.385 – 701.395
TP1: 691.365 (-1.4%)
TP2: 685.015 (-2.3%)
TP3: 675.490 (-3.6%)
SL: 713.590 (+1.8%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Note: moderate conviction only, keep size light.
Why SHORT? 5/12 signals agree, 0 against.
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
• BTC is falling, this coin follows (corr 0.85)
If it plays out:
If the 4h bearish stack holds, the 1h price targets 691.365 then 685.015, showing the swing trend is down.
If it fails:
A 1h close above 713.590 invalidates the short, so I would exit and wait for a new setup.
Where is your invalidation level for this trade?